SoundThinking, Inc. (NASDAQ:SSTI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

SoundThinking, Inc. (NASDAQ:SSTI) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $21.20.

Several research analysts have commented on SSTI shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th.

SoundThinking Stock Down 1.2 %

NASDAQ:SSTI opened at $16.02 on Friday. SoundThinking has a 52 week low of $9.33 and a 52 week high of $19.43. The stock’s fifty day moving average is $15.94 and its two-hundred day moving average is $13.60. The stock has a market capitalization of $202.91 million, a price-to-earnings ratio of -133.49 and a beta of 1.29.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million. On average, sell-side analysts expect that SoundThinking will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kopion Asset Management LLC lifted its holdings in shares of SoundThinking by 24.2% in the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after purchasing an additional 141,630 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in SoundThinking by 9.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock valued at $5,194,000 after buying an additional 35,584 shares during the last quarter. Geode Capital Management LLC increased its position in SoundThinking by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock worth $2,823,000 after buying an additional 2,547 shares in the last quarter. State Street Corp raised its holdings in shares of SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after acquiring an additional 8,078 shares during the last quarter. Finally, Pullen Investment Management LLC lifted its position in shares of SoundThinking by 12.0% in the first quarter. Pullen Investment Management LLC now owns 159,138 shares of the company’s stock valued at $2,697,000 after acquiring an additional 17,098 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Company Profile

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes.